The Chancellor of the Exchequer has today confirmed that
Julia Black, Anita Kimber, John Ball and Stéphane Malrait have
been appointed as Non–Executive Directors to the Board of the
Financial Conduct Authority (FCA). The Chancellor also confirms a
one-year extension of Richard Lloyd's second term as a
Non-Executive Director on the FCA Board.
Julia Black and Anita Kimber will commence their terms on 12 May
2025, John Ball on 27 May 2025, whilst Stéphane Malrait will join
later in the year on 20 October 2025. They will each serve an
initial three-year term. Richard Lloyd's second term has been
extended and will now conclude on 31 March 2026.
Julia Black is a former External Member of the Prudential
Regulation Committee. Julia is a highly accomplished academic in
the field of law and financial regulation and has advised policy
makers, consumer bodies, and regulators on issues of regulatory
strategy and design in the UK and internationally.
Anita Kimber is a former Partner at EY who has also led large
practices at PwC and IBM. Anita is experienced in leading
transformation programmes across technology, data and analytics
combined with customer insight and user experience focused teams.
Anita's experience is closely aligned with regulatory compliance
for banks and other financial services institutions, including a
secondment and a permanent appointment at Nationwide Building
Society.
John Ball is a former Global MD, Pensions Practice for Willis
Towers Watson where he enjoyed a near 40 year career. He has
extensive change management experience and broader board
experience across several WTW subsidiary boards and committees.
The FCA Board will benefit from John's deep pensions expertise.
Stéphane Malrait is a former Managing Director and Global Head of
market structure and innovation for Financial Markets at ING
Bank. Stéphane has operated in large, complex organisations
internationally, including in the US, France, and the UK. He will
bring experience of governance across different entities
including non-executive board experience with industry
associations and fintech companies.
is a distinguished member of
the Financial Conduct Authority (FCA) Board, bringing a wealth of
experience from his extensive career in consumer rights and
public policy. He previously held significant roles, including
serving as the Executive Director of Which?, where he championed
consumer interests and advocated for fairer markets. Notably,
Richard served effectively as the interim Chair of the FCA Board
from June 2022 until February 2023, demonstrating strong
leadership and a steadfast commitment to the organisation's
objectives.
Chancellor of the Exchequer, , said:
The FCA have been crucial in supporting the government's efforts
to reform regulation in order to better support growth and I am
pleased to announce the appointments of Julia Black, Anita
Kimber, John Ball and Stéphane Malrait to the FCA Board and the
extension of for an additional year.
All five individuals bring extensive financial services
experience to the Board and will help the FCA go further and
faster to deliver on this government's Plan for Change.
Chair of the FCA Board Ashely Alder, said:
I'm delighted to welcome Julia, Anita, John and Stéphane to the
FCA board. Together, they bring a wealth of experience and
insight across the financial services sector. I look forward to
working with them as we deliver our ambitious new 5-year
strategy.
I'd also like to congratulate on the extension of his
second term, which ensures we continue to benefit from his
invaluable counsel in the months ahead.
About the Financial Conduct Authority
The Financial Conduct Authority (FCA) is the conduct regulator
for the UK's financial services firms and markets. It is
responsible for the conduct of around 42,000 businesses and sets
the specific prudential standards for roughly 17,000 firms.
It has an overarching strategic objective of ensuring the
relevant markets function well. To support this, it has three
operational objectives: to secure an appropriate degree of
protection for consumers; to protect and enhance the integrity of
the UK financial system; and to promote effective competition in
the interests of consumers. Its secondary objective is to
facilitate the international competitiveness of the UK economy,
and its growth in the medium to long-term.
About the appointment process
Julia Black, Anita Kimber, John Ball and Stéphane Malrait have
been appointed by the Chancellor following a fair and open
recruitment process run by HM Treasury. All appointments are
subject to vetting and security clearances currently in progress.
The Treasury is committed to appointing a diverse range of people
to public appointments, including at the Financial Conduct
Authority. The Treasury continues to take active steps to attract
the broadest range of suitable applicants for posts.
Appointments to the FCA Board are regulated by the Office of the
Commissioner for Public Appointments. Julia Black, Anita Kimber,
John Ball and Stéphane Malrait have not engaged in any political
activity in the last five years.
